CRIME

Tax refund scam could hit N$400m

What probe has uncovered so far: • Stolen amount now at N$136m • About 1 000 suspects implicated • NamRA flags 56 institutions • Taxman goes after VAT refund looters

NamRA commissioner Sam Shivute says the country loses billions through fraudulent VAT refunds.

Ellanie Smit

1 Year Ago - 2023-02-13 01:00:00

As investigations continue into the massive fraudulent tax refund scam, the amount involved may reach up to N$400 million.This is according to the commissioner of the Namibia Reven

...

Comments

Namibian Sun 2024-05-14

No comments have been left on this article

Please login to leave a comment

Premier League: Aston Villa 3 vs 3 Liverpool | Manchester United 0 vs 1 Arsenal | Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Barcelona 2 vs 0 Real Sociedad | Real Betis 3 vs 2 Almería | Valencia 0 vs 0 Rayo Vallecano | Atletico Madrid 1 vs 0 Celta Vigo | Cadiz 1 vs 0 Getafe | Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese | Atalanta 2 vs 1 AS Roma | Juventus 1 vs 1 Salernitana | Genoa 2 vs 1 Sassuolo | Hellas Verona 1 vs 2 Torino | SS Lazio 2 vs 0 Empoli | AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna European Championships Qualifying: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United English Championship: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United Katima Mulilo: 16° | 32° Rundu: 16° | 32° Eenhana: 15° | 34° Oshakati: 17° | 33° Ruacana: 18° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 29° Omaruru: 16° | 30° Windhoek: 13° | 26° Gobabis: 14° | 26° Henties Bay: 15° | 26° Wind speed: 23km/h, Wind direction: S, Low tide: 13:52, High tide: 07:51, Low Tide: 02:00, High tide: 20:47 Swakopmund: 15° | 19° Wind speed: 28km/h, Wind direction: SW, Low tide: 13:50, High tide: 07:49, Low Tide: 02:00, High tide: 20:45 Walvis Bay: 15° | 29° Wind speed: 30km/h, Wind direction: SW, Low tide: 13:50, High tide: 07:48, Low Tide: 02:00, High tide: 20:44 Rehoboth: 15° | 28° Mariental: 17° | 30° Keetmanshoop: 21° | 31° Aranos: 17° | 29° Lüderitz: 14° | 27° Ariamsvlei: 20° | 32° Oranjemund: 13° | 28° Luanda: 25° | 27° Gaborone: 15° | 26° Lubumbashi: 14° | 28° Mbabane: 13° | 21° Maseru: 8° | 23° Antananarivo: 14° | 22° Lilongwe: 15° | 27° Maputo: 18° | 26° Windhoek: 13° | 26° Cape Town: 17° | 24° Durban: 17° | 25° Johannesburg: 14° | 21° Dar es Salaam: 24° | 31° Lusaka: 16° | 27° Harare: 13° | 25° Currency: GBP to NAD 22.98 | EUR to NAD 19.78 | CNY to NAD 2.53 | USD to NAD 18.34 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.96 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.02 | USD to KES 130.23 | USD to NGN 1419.9 | USD to ZAR 18.34 | USD to ZMW 25.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13541.33 Up +0.11% | Egyptian Exchange (EGX) 30 Index 25381.25 Up +0.90% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 339.17/OZ DOWN -0.009 | Copper US$ 4.75/lb UP +3.03% | Zinc US$ 3 012.10/T UP 0.05% | Brent Crude Oil US$ 83.94/BBP UP +1.12% | Platinum US$ 1 002.00/OZ UP +0.89% Sport results: Premier League: Aston Villa 3 vs 3 Liverpool | Manchester United 0 vs 1 Arsenal | Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Barcelona 2 vs 0 Real Sociedad | Real Betis 3 vs 2 Almería | Valencia 0 vs 0 Rayo Vallecano | Atletico Madrid 1 vs 0 Celta Vigo | Cadiz 1 vs 0 Getafe | Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese | Atalanta 2 vs 1 AS Roma | Juventus 1 vs 1 Salernitana | Genoa 2 vs 1 Sassuolo | Hellas Verona 1 vs 2 Torino | SS Lazio 2 vs 0 Empoli | AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna European Championships Qualifying: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United English Championship: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United Weather: Katima Mulilo: 16° | 32° Rundu: 16° | 32° Eenhana: 15° | 34° Oshakati: 17° | 33° Ruacana: 18° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 29° Omaruru: 16° | 30° Windhoek: 13° | 26° Gobabis: 14° | 26° Henties Bay: 15° | 26° Wind speed: 23km/h, Wind direction: S, Low tide: 13:52, High tide: 07:51, Low Tide: 02:00, High tide: 20:47 Swakopmund: 15° | 19° Wind speed: 28km/h, Wind direction: SW, Low tide: 13:50, High tide: 07:49, Low Tide: 02:00, High tide: 20:45 Walvis Bay: 15° | 29° Wind speed: 30km/h, Wind direction: SW, Low tide: 13:50, High tide: 07:48, Low Tide: 02:00, High tide: 20:44 Rehoboth: 15° | 28° Mariental: 17° | 30° Keetmanshoop: 21° | 31° Aranos: 17° | 29° Lüderitz: 14° | 27° Ariamsvlei: 20° | 32° Oranjemund: 13° | 28° Luanda: 25° | 27° Gaborone: 15° | 26° Lubumbashi: 14° | 28° Mbabane: 13° | 21° Maseru: 8° | 23° Antananarivo: 14° | 22° Lilongwe: 15° | 27° Maputo: 18° | 26° Windhoek: 13° | 26° Cape Town: 17° | 24° Durban: 17° | 25° Johannesburg: 14° | 21° Dar es Salaam: 24° | 31° Lusaka: 16° | 27° Harare: 13° | 25° Economic Indicators: Currency: GBP to NAD 22.98 | EUR to NAD 19.78 | CNY to NAD 2.53 | USD to NAD 18.34 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.96 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.02 | USD to KES 130.23 | USD to NGN 1419.9 | USD to ZAR 18.34 | USD to ZMW 25.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13541.33 Up +0.11% | Egyptian Exchange (EGX) 30 Index 25381.25 Up +0.90% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 339.17/OZ DOWN -0.009 | Copper US$ 4.75/lb UP +3.03% | Zinc US$ 3 012.10/T UP 0.05% | Brent Crude Oil US$ 83.94/BBP UP +1.12% | Platinum US$ 1 002.00/OZ UP +0.89%